Dimensional Fund Advisors LP raised its holdings in BMC Stock Holdings, Inc. (NASDAQ:BMCH) by 30.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461,647 shares of the company’s stock after buying an additional 339,360 shares during the period. Dimensional Fund Advisors LP owned about 2.18% of BMC Stock Holdings worth $31,937,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of BMCH. BNP Paribas Arbitrage SA raised its stake in BMC Stock Holdings by 2,853.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,147 shares of the company’s stock valued at $156,000 after buying an additional 6,905 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in BMC Stock Holdings in the first quarter valued at $209,000. PNC Financial Services Group Inc. acquired a new stake in BMC Stock Holdings in the first quarter valued at $254,000. Principal Financial Group Inc. acquired a new stake in BMC Stock Holdings in the first quarter valued at $276,000. Finally, Private Capital Advisors Inc. acquired a new stake in BMC Stock Holdings in the second quarter valued at $277,000.
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BMC Stock Holdings, Inc. (NASDAQ:BMCH) opened at 21.45 on Wednesday. BMC Stock Holdings, Inc. has a one year low of $15.45 and a one year high of $23.90. The firm’s 50 day moving average price is $21.04 and its 200 day moving average price is $21.18. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 35.22 and a beta of 1.49.
BMC Stock Holdings (NASDAQ:BMCH) last issued its earnings results on Thursday, August 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $886.38 million during the quarter, compared to analyst estimates of $871.51 million. BMC Stock Holdings had a net margin of 1.28% and a return on equity of 9.20%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. Equities analysts forecast that BMC Stock Holdings, Inc. will post $1.07 earnings per share for the current year.
In other news, insider Lisa M. Hamblet sold 12,812 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $20.82, for a total value of $266,745.84. Following the sale, the insider now owns 74,133 shares in the company, valued at approximately $1,543,449.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter Alexander sold 28,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $21.08, for a total transaction of $590,240.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,812 shares of company stock worth $1,261,786. Company insiders own 3.70% of the company’s stock.
BMCH has been the topic of a number of analyst reports. Robert W. Baird restated a “buy” rating and issued a $23.00 price target on shares of BMC Stock Holdings in a research note on Sunday, September 10th. Barclays PLC dropped their price objective on BMC Stock Holdings from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. FBR & Co dropped their price objective on BMC Stock Holdings from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. Zacks Investment Research lowered BMC Stock Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. BMC Stock Holdings currently has a consensus rating of “Buy” and an average price target of $23.40.
BMC Stock Holdings Profile
BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.
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